Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026)

Sumitomo Mitsui Financial (SMFG) posted Tax Rate of 41.8% for Q1 2026, up 223.1% sequentially from 33.96% in Q4 2025, and up 714.0% YoY from 5.14% in Q1 2025.

Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026) Analysis & Trends

Sumitomo Mitsui Financial (SMFG) has 18 years of Tax Rate data on file, last reported at 41.8% in Q1 2026.

  • Quarterly Tax Rate rose 714.0% year-over-year to 41.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.54% (up 8376.0% YoY) and the FY2026 annual result came in at 1.62%, down 8.0% from the prior year.
  • Tax Rate climbed to 41.8% in Q1 2026 per SMFG's latest filing, from 33.96% in the prior quarter.
  • The five-year high for Tax Rate was 46.05% in Q3 2024, with the low at 104.19% in Q4 2023.
  • Average Tax Rate over 5 years is 10.57%, with a median of 22.67% recorded in 2022.
  • Year-over-year, Tax Rate plunged 7824 bps in 2023 and jumped 7121 bps in 2024.
  • Sumitomo Mitsui Financial's Tax Rate stood at 25.95% in 2022, then sank by 301 bps to 104.19% in 2023, then jumped by 68 bps to 32.98% in 2024, then dropped by 3 bps to 33.96% in 2025, then jumped by 223 bps to 41.8% in 2026.
  • Business Quant data shows SMFG's Tax Rate at 41.8% in Q1 2026, 33.96% in Q4 2025, and 18.62% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - -21.14%
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 17.49%
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - 11.55%
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 33.80%
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - 19.15%
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - 19.46%
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - 41.80%
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn -2.11%
10 Ing Groep - - - -

Historic Data

Download Data
DateValue
Mar 31, 2026 41.80%
Mar 31, 2026 41.80%
Dec 31, 2025 -33.96%
Dec 31, 2025 -33.96%
Sep 30, 2025 18.62%
Sep 30, 2025 18.62%
Jun 30, 2025 21.23%
Jun 30, 2025 21.23%
Mar 31, 2025 34.67%
Mar 31, 2025 34.67%
Dec 31, 2024 -32.98%
Dec 31, 2024 -32.98%
Sep 30, 2024 46.05%
Sep 30, 2024 46.05%
Jun 30, 2024 27.94%
Jun 30, 2024 27.94%
Mar 31, 2024 19.44%
Mar 31, 2024 19.44%
Dec 31, 2023 -104.19%
Dec 31, 2023 -104.19%